 Here is Tesla again. Here is the whole dynamic of the trade, right? So here is the 457. Here is the 468. Can you stop them? Welcome to Access a Trader, the number one community for those who are committed to taking control of their trading in order to achieve success, profitability, and longevity. Thank you for joining us. Here's Dan Shapiro to help you find your edge, master your process, and own your future. Hey guys, good evening everybody. Welcome to another edition of the Access a Trader dot com nightly wrap up show. Hope everybody is doing well. So I want to start off with a very, very important area that we are kind of faced with today. So if you've been watching this broadcast and you've been hearing me moaning and groaning about why beta hasn't participated in this run, well, now there's a flip side to that, okay? You know, we felt that at any given point, there's going to be a lot of money flow that eventually is going to hit the market and all these beta names are going to wake up. Now they kind of did, right? Tesla, and we'll get to that in a second, had one of the biggest runs I can remember in a very, very long time. We'll get to that in a second. Today's other big news, the biggest school system in the world was New York City is closing down schools, which obviously led to a huge afternoon run in the stay-at-home stocks, especially Zuma. If you take a look at Zuma, for example, this was literally from, you know, this was literally from from what? From two o'clock, right? So two o'clock, they closed down the schools. Its stock literally went from like $393 to $420, huge. But again, if you look and you've been paying attention to kind of the price action for the last week or so, right? And you hear me complaining about, hey, these stocks are not participating. Like what's going on? Well now we're at the point that we are technically faced with, well, you know, kind of a line in the sand. And if you look at the queues and where they closed today, you'll see why. Again, if you're watching this broadcast today for the very first time, again, I believe that technical analysis is not a, it's not a debate, okay? Technically, when stocks trade and they trade organically and start confirming levels, usually that directional bias will take place. And again, when you have a combination of stocks just not rallying, okay, into a full-blown aggressive market rally despite the queues, right? Despite the queues been putting in, you know, higher highs and higher lows now for seven consecutive days. When you look at something like that and you have your first close today below not only the five-day moving average, but the 10-day moving average, this is a huge red flag, okay? And again, it's very, very easy to turn around and say, what's the big deal today? It's just profit-taking, but just keep this in mind. If stocks couldn't go up with the rest of the market, like your Amazon's of the world, your Apple's of the world, your Facebook's of the world, so forth and so on, right? If they didn't go up with the rest of the market, well, what do you think is going to happen if the market starts pulling in? And this is kind of where we are, right? This is where we are right deep in the sand. If you believe in the theory that the five-day moving average is acting like the shortest-term sentiment, and oh, by the way, we close below the five and the 10-day moving average, which I believe is the birth of the trade, there's a lot of sell-bys going into tomorrow's session. Now, again, nobody's turning around saying as soon as you see this broadcast, sell everything, sell everything, sell everything. But what I'm saying is, if we start confirming today's price action and the bottom of this range falls, we're going to have a lot of room to the downside. This is all it is. And again, if you believe the theory of the stocks trade from supply to supply and demand to demand, well, then you have a realistic view of where the market could go from this 290 level all the way down to this 285 level and still be on a really big, massive uptrend. So I think tomorrow's session is going to be very, very important. Again, it's just technical analysis is the most important part. Again, I have an opinion, you have an opinion, but technically, if things get damaged and they start confirming previous days' channels, usually, things are going to follow for the price action-wide. What we saw today was, again, another stalemate for the Nasdaq stocks, you saw a big reversal today in the Dow. And again, for the Dow, it's really not that much of a big deal, because if you look at the diamonds, you can make a case that, again, we are resting, but look where the diamonds closed, right? Look where the Dow closed. You had one, excuse me, more than that. You had 1, 2, 3, 4, 5, 6, 7, 8, 9, 10, 11, 12. You had 12 days in a row closing above the five-day moving average. This is the first close today below the five-day moving average. So again, guys, if you're going into tomorrow's session and you are bullish, you better hope your stocks are really taking out aggressive levels, because you have the Dow below the five, the Qs below the five. The SPX is a little bit different, right? The SPX closed below the five, but it's still above the 10. So if the SPX start losing, let's just call it 35, 60, right? If the SPX starts losing 35, 60, then again, look at how much room you have all the room all the way down to 35, 0, 2. So it's pretty important tomorrow. Again, if you are a believer of the bull market, well, tomorrow's day, the bulls better step up, but there's going to be a pretty aggressive rug pull. And again, if you're an investor and your time horizon is a year, two years, six months, then again, obviously it doesn't apply to you. If you're an active intraday trader and you trade the upside, you trade the downside, then these levels are something you're going to want to pay attention to. If you look in the video, they came out with earnings. We actually had a really aggressive pivot this morning in the video, but again, stock beat numbers, but again, got really, really sold off after the close. The big story of the day today, in my opinion, and you see why the options market really dictates what happened. So Tesla got upgraded today. Okay. And they got upgraded today from Morgan Stanley. I think it was like a $540 price target. I believe, I believe so. I don't even remember such a long, long day. And it gapped up, but it gapped up so lethargically. It was up like seven, eight points after yesterday's kind of decline, all day decline of the S&P. So we had a couple of levels in mind if the stock would actually get strong and have a one day later reaction. So we knew about the after hours high yesterday of roughly 467.5, 468. We knew about this range here, which is roughly, let's just call it 457. Everybody see that, right? 456.5, 456.05, 456.30s, 456.75. So you kind of get the picture. So it really needed to get about 457. And then you had the next level of interest roughly around the 468 area. And you just started seeing, and again, guys, this is where I really encourage, especially for all you guys who are traded and you trade these stocks, get yourself an option scanner. Like I personally use Flow Algo. It's pretty good. There's a bunch of them. Trade Alerts is really good. Cheddar is pretty decent. Flow Algo, they're all comparable. But get yourself an option scanner. Even if you do not trade options, like I'm not an options trader. But I use the order flow to correlate with my pivot. So if I'm sitting there and I'm looking and I say, wow, 468 is a really, really big area here after this range here. And I start seeing 475 weeklies, 500 weeklies, 510 weeklies, 520 weeklies, 550 weeklies. Some guy went out bet $1.2 million on the 6, I forgot which ones it was. I think it was the 615 or the 625 calls for January. Again, it's like literally holding, it's like literally holding aces. And when the options market correlates with the pivot, you're going to get a really, really great reaction. And again, it can have a res date tomorrow. It could, but those guys that were betting really serious money, especially for the weekly calls, you saw those 500s like rolling off the shelves, like it was panic buying off the 500. So a really, really aggressive day there. I thought the action today was pretty good. Again, a lot of names that probably we wouldn't trade. But now that we are getting a correlated technical view, especially in the NASDAQ 100, hey, you know, it's pretty safe to say, I think tomorrow we're going to get a lot of premium on the downside if these things start to confirm. Again, remember, this is just a thesis. Again, technically everything needs to confirm today's channel. So if we, you know, if we gap up tomorrow, we gap and go and go higher, again, remember, you could be wrong. Again, I'm wrong all the time. You could be wrong as much as possible. Theoretically, just don't be stubborn enough to forecast the trade to go in early that you're wrong financially. Let everything confirm. Believe me, these stocks are not going to run from you. If you believe that the Qs can lose the bottom range, right, the bottom of this five and 10 day range, look how much room you have. You have $6, $7 worth of downside. Do you really need to be perfect or rush into this entry? Probably not. So again, the thesis for tomorrow, I definitely like the market to confirm. If they don't, obviously we could flip around and look to the upside. So it's very, very important. And again, I would love to see a gap up tomorrow only because if the market does gap up and they get these stocks that I'm watching for tomorrow get sold into supply, right? Those are the greatest days because they get stuffed into supply. They go green to red. And once they confirm the previous days lows, which were today, that's going to start a pretty good waterfall effect. So again, my game plan for tomorrow, obviously, is probably 70, 30, 80, 20 sell bias. But again, we trade both sides of the market. It doesn't really matter. So let's talk about the pivots today. Very, very aggressive. Okay. Really, really aggressive pivots today. This first pivot, I actually, well, I don't want to say I screwed it up. So I get short zoom on the second entry and it goes down to 391. The pivot was 394. So it went down to 391, 50s, 60s, bounced around a little bit, went down to 390. I didn't make any covers. I didn't make any covers because I really thought it was going to get down to like 85, 75. Because if you look at the daily chart, you'll see what I mean, right? So I got short here, right? Got short here. So I thought it was going to get down to like 386 and then maybe 375. It never did that. Okay. So I actually wound up instead of making money on the trade. I actually wound up losing 60, 70 cents. Really, it's really not here or there. It's pretty much a break-even trade. But the point is I gave it every opportunity and it would have been nice if we would have just had that one flush into the rise in support. We'll get to zoom in a second. Obviously, a big runner this afternoon. This was a massive move. They knew, right? They absolutely knew what was going to happen with the video after earnings because you should have seen the selling pressure in the video this morning. 536 held three times in the 60 minute. If it builds below, it can flush. 532 is also going to be macro support. Look what they did to the video this morning. Just absolutely destroyed it, right? Check this out. So here was the whole channel, right? This was the whole channel right here. Here's, oh, excuse me. This whole five, everybody see this 536? 536, 536, 536, 536. It takes out 536, takes out 532 and goes all the way down to 527. Huge move on the video. You guys have caught a great job there. Roku, you know, Roku just gave a dollar move, nothing big. Again, here's another perfect example of the market. Just not embracing many stocks when they're coming out ranges. 189 on square never got close. RL, I wasn't even watching. What did RL do today? I wasn't even watching. We talked about 84.5, 85. It looks like it went to 85 and changed. Nothing there on RL. Net, I don't think Net did anything. I don't believe it confirmed. No, Trader, I liked it at 67. Trader, 66.86. Never got there. Chui, again, once the news started breaking, on these stay-at-home stocks, they all woke up. Again, Zoom put up like a $27 candle. Chui broke out pretty nicely again. They do pet delivery, pet supply delivery. We use Chui all the time, phenomenal company. 65.30 needs to build. And once you started seeing the stay-at-home stocks wake up, this is a stay-at-home play. And here is the play here. Here's the 65.30 daily and stock traded all the way up to 67. I still like it tomorrow if it follows through. Qualcomm, nice move on Qualcomm before everything got pulled. 150 needs to build on Qualcomm. Here was Qualcomm. It took out the 150 and went to 153 and changed. So a really nice move there. And then they obviously pulled it with everything else. Fubu, I scratched on. I bought Fubu at 23 and went up like 20 cents. It just sat there, sat there, sat there. How long are you going to sit there? So I wound up scratching, went up like 50 cents, and I blew it a little bit, and then it got the stock out, killed. TTT never got to this area of confirmation. For all you guys who did take profits on this train, I didn't. I screwed this up. So Nvidia got murdered. Zoom, again destroyed here. This is towards the end of the day. Facebook 273, if it builds below, can flush. Here is Facebook. And again, setting up for tomorrow. So here's the 73. You can see it. Not a big move yet, but if the market confirms it's going to go lower. So 73.10 was low here. 73 was low here. 73.29 was low here. So once it started building below 73, closed under 72. First move is 70 and then 68 for more continuation for tomorrow. Yeah, and this is the one. This is the one. Again, guys, congratulations to all you guys who in this trade, who are still in this trade, who still have calls in this trade. This thing looks amazing. Absolutely amazing. Again, here's the key. This stock is so hated. There's so much short interest in the stock. The problem is all these indexes that are coveting the S&P 500, they have to be long in the stock, I believe by the summer 21st. So there's a lot of selling pressures. Shorts got triggered. Buy-ins got triggered. There was so much going on today. But once those buyers came in, it was just euphoria. At one point, it put in a $27 candle without a down take. It was unbelievable. Tesla 457 needs to build. Here is Tesla again. Here is the whole dynamic of the trade. So here is the 457. Here is the 468. And the stock went to 497. Just an absolute killer move. Again, guys, congratulations for all you guys who caught that. Highland 2630 needs to build. Not a big move. Not a big move on Highland. Traded to what? The 2680. It's nothing a big move before it relaxed. And it went down. I said 2690. It went to 2684. Again, so here is the step by take. 462 is supply. 468, huge area. Yada, yada, yada. And the next thing you know, again, weekly call buyers coming in December 500 is coming in. And basically, there was nothing left to say. Oh, my God, right? There was basically nothing left to say. So crazy move, right? Crazy, crazy move. Again, going into tomorrow, again, I have to be sell buys based on what I'm seeing on the charts. You had a huge reversal also on Boeing. Boeing was a big, big added weight for that move on the Dow Jones industrial average. But now, you know, now we're looking at a different game. So tomorrow, guys, get your, you know, go through charts, see what's sitting on rising five and 10 day supports. And if they start confirming, you know, you're going to have lower prices. Guys, have a great night, everybody. I wish you all the best. And with God's help, I'll see you all tomorrow. Take care.